It’s no revelation that I think state corporate income taxes are ineffective and inefficient ways to raise revenue. For a wide variety of reasons, taxes on corporate profits don’t work all that well. Many defend corporate levies in the belief that corporations use services and should pay. But this benefits… Read more »
In recent years, we’ve seen the role of state tax professionals change fairly significantly, in terms of responsibilities, having a “seat at the table,” and relationships with their supervisors and peers. To find out more about what’s happening in this space, we convened a roundtable of state tax professionals including…
Nexus is a wondrous word, replete with meanings. A quick search turns up all kinds of interesting uses. Nexus is a cell phone, it is a type of android from the movie Blade Runner, and it appears in the names of songs, bands, and albums. It is a superhero, the…
When must state apportionment be fair? Always. If a state’s normal apportionment formula is operating unfairly with respect to your company, you need to consider the alternatives. The United States Supreme Court has articulated a four-part test for determining whether a state tax burdens interstate commerce in violation of the…
Keith Piper’s longtime appreciation for tax began directly after his graduation from Pennsylvania State University. “More than thirty years ago, during my first job out of college, I was a staff accountant with a cable television company in Northern Virginia and assigned responsibilities for property taxes and income tax provision,… Read more »
Bryant Calvin Blewett, aged seventy-six, died on January 24. He had been in declining health for the past several years. Born March 9, 1940, in Helena, Montana, he graduated from Montana State University with a degree in business and accepted a position with the Internal Revenue Service in San Francisco.…
The Pittsburgh Chapter of TEI, the Allegheny Tax Society, and the Pittsburgh Tax Club recently held their annual meeting. Once a year the three clubs come together for an event that allows TEI members to network with their tax counterparts from Pittsburgh-area law and CPA firms. The speaker this year…
This year the Chicago Chapter teamed with local nonprofit Ladder Up and the Tax Assistance Program to provide tax assistance to low-income families in the greater Chicagoland area. TEI invited employees and board members of Ladder Up to speak at a few Chapter meetings to introduce the organization and its…
On December 8, 2016, the South Carolina Department of Revenue issued SC Revenue Procedure #16-1, which addresses how corporations may report federal income tax adjustments made by the Internal Revenue Service. Generally, corporations may report corrections or changes to a previously filed South Carolina return by filing an amended South… Read more »
